Hyatt Hotels Corporation (NYSE:H) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET

Company Participants

Adam Rohman - Senior Vice President, Investor Relations & FP&A
Mark Hoplamazian - President & Chief Executive Officer
Joan Bottarini - Chief Financial Officer

Conference Call Participants

Shaun Kelley - Bank of America
Joseph Greff - JPMorgan
Dan Politzer - Wells Fargo
Michael Bellisario - Baird
Stephen Grambling - Morgan Stanley
Richard Clarke - Bernstein
Patrick Scholes - Truist
Chad Beynon - Macquarie

Operator

Good morning, and welcome to the Hyatt’s Second Quarter 2024 Earnings Call. All lines are in a listen-only mode. After the speakers remark’s, we’ll have a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Adam Rohman, Senior Vice President of Investor Relations and FP&A. Thank you. Please go ahead.

Adam Rohman

Thank you, and welcome to Hyatt's second quarter 2024 earnings conference call. Joining me on today’s call are Mark Hoplamazian, Hyatt's President and Chief Executive Officer, and Joan Bottarini, Hyatt's Chief Financial Officer.

Before we start, I would like to remind everyone that our comments today will include forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our annual report on Form 10-K, quarterly reports on Form 10-Q, and other SEC filings. These risks could cause our actual results to be materially from those expressed in or implied by our comments. Forward-looking statements in the earnings release that we issued today along with the comments on this call are made only as of today and will not be updated as actual events unfold.

In addition, you can find a reconciliation of non-GAAP financial measures referred to in today's remarks on our website at hyatt.com under the Financial Reporting section of our Investor Relations link and in this morning's earnings release. An archive of this call will be available on our website for 90 days.

Please note that unless otherwise stated, references to our occupancy, average daily rate, and RevPAR reflect comparable system-wide hotels on a constant currency basis. Additionally, percentage changes disclosed during the call are on a year-over-year basis unless otherwise noted.

With that, I'll now turn the call over to Mark.

Mark Hoplamazian

Thank you, Adam. Good morning, everyone, and thank you for joining us today. I want to start by sharing my appreciation for our colleagues around the world who live our purpose every day to care for our guests, our colleagues, owners and each other. I've been very fortunate to visit with many of you over the last quarter, and I'm continually inspired by the power of care and what differentiates Hyatt from others, our people. Our purpose and execution of our strategy are evident in our operating results, which reflect record levels of fees, role of Hyatt numbers and raising our pipeline.